Distance Learning Market worth USD 90.37 billion
Growing popularity of online microlearning to boost market growth
With
rising digital literacy and increasing smartphone penetration, online
microlearning has emerged as a popular methodology in the distance
learning market. The increased use of bite-sized learning modules and
short-term learning activities with a growing emphasis on
personalization and adaptive learning will drive the market in the long
run. Microlearning also offers concise and relevant content while
helping to address the knowledge gaps among the students. Furthermore,
colleges and universities are targeting a broader target audience by
providing short-term certification programs in conjunction with their
traditional degree programs. Therefore, with the growing number of
higher education institutions adopting microlearning with their existing
curriculum, the global distance learning market is anticipated to witness surging growth during the next few years.
Traditional distance learning will garner the highest share
Traditional
distance learning is expected to garner the highest share of the market
due to the growing popularity of executive education in emerging as
well as advanced economies. Educational institutions in advanced and
emerging economies are increasingly offering distance learning degrees
along with the conventional courses. Distance education is also gaining
traction among students owing to advantages such as easy accessibility,
flexibility in terms of time and location, and affordability. Also,
traditional distance learning is also cost-effective as compared to
conventional regular degrees involving on-campus housing and boarding
costs.
Distance learning to witness fastest adoption in the APAC region.
APAC
will witness the fastest distance learning market growth in the
forthcoming years. Factors including the growing internet penetration
and increased number of distance online degree offerings in higher
education institutions are positively impacting the distance learning
market in the region. Some of the key markets for distance learning in
the APAC region include India, China, Australia, and South Korea. The
cost-effectiveness and flexibility of online degrees will further
encourage students to enroll for the online distance learning degrees
during the forecast period. Therefore, the rising number of smartphone
users, coupled with increasing internet penetration, will boost the
growth of the online distance education market in APAC in the upcoming
years.
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